ALEXANDRIA, Va. (2/3/16)--Texans CU of Richardson, Texas, a state-chartered, federally insured credit union operating under the conservatorship of the National Credit Union Administration, posted year-end 2015 net income of $26.63 million, marking 48 consecutive months of positive earnings. The credit union reported this was the strongest year-over-year financial performance in Texans’ 62-year history.
ALEXANDRIA, Va. (2/2/16)--Moving to an extended examination cycle was the chief topic of discussion Monday between CUNA; Cooperative Credit Union Association President/CEO Paul Gentile, who chairs CUNA’s Examination and Supervision Subcommittee; and the National Credit Union Administration.
WASHINGTON (2/1/16)--As a result of concerns raised by CUNA and others in the financial services industry, the Financial Accounting Standards Board is holding a roundtable Thursday to discuss the impact of pending changes to its rules on the current expected credit loss standard (CECL).
ALEXANDRIA, Va. (2/1/16)--The National Credit Union Administration joined with the Internal Revenue Service and other agencies to remind qualified taxpayers about the potential benefits of applying for the Earned Income Tax Credit.
ALEXANDRIA, Va. (1/29/16)--Interest on lawyer trust accounts, real estate escrow accounts and prepaid funeral accounts are now eligible to receive enhanced federal insurance coverage from the National Credit Union Administration.
ALEXANDRIA, Va. (1/28/16)--Comments on the National Credit Union Administration’s overhead transfer rate and operating fee methodologies are due April 26, 90 days from their publication in the Federal Register Wednesday.
ALEXANDRIA, Va. (1/26/16)--The Federal Trade Commission has announced Tax Identity Theft Awareness Week for 2016, and the National Credit Union Administration has new online resources to help consumers protect themselves and their information.
WASHINGTON (1/25/16)--Credit union stakeholders have two weeks from today to submit comment letters on the National Credit Union Administration’s field-of-membership proposal, and CUNA is urging all credit unions to comment on the proposal.
ALEXANDRIA, Va. (1/22/16)--An agreement between the National Credit Union Administration (NCUA) and U.S. Treasury will allow low-income credit unions a streamlined process to become certified Community Development Financial Institutions (CDFIs). The two agencies signed a memorandum of agreement Thursday at the NCUA’s Alexandria, Va., headquarters.
Since CUNA’s compliance staff compiled a list of changes in mortgage interest reporting under the IRS’s Form 1098, several questions have arisen. CUNA’s compliance staff has been able to connect with a coalition of consumer mortgage lenders to provide answers.
"We look forward to working with him going forward, particularly on getting the field-of-membership modernizations across the finish line," CUNA President/CEO Jim Nussle said Monday after learning NCUA Vice Chair Rick Metsger was named chair by President Barack Obama.